Here are some of our favorite assets from Fund 3 — now closed
Ohio MHP Portfolio — Columbus OH MSA | Off-Market Acquisition | June 2023
Overview
This two mobile home park portfolio was our final Fund 3 acquisition, bringing the Fund’s day one equity to an impressive $21 million for investors. We purchased this property with a significant margin of safety in the very solid Columbus, Ohio MSA.
Luhrs Parking Garage — Phoenix, AZ | Off-Market Acquisition | May 2023
Overview
Luhrs Parking Garage is institutional grade, Class A property located within a 3-minute walk from the Phoenix Suns and Arizona Diamondbacks stadiums. The asset was acquired in an off-market, direct-to-owner transaction, and sourced via our network here in the Nation’s #1 market, Phoenix, AZ.
Park Estates MHP — Twin Cities, MN | Off-Market Acquisition | Dec 2021
Overview
Park Estates MHP is an affordable community consisting of 113 lots roughly 15 minutes from downtown St. Paul. This four-star community has a nice mixture of lots and storage units. This community was acquired from long-time legacy owners who managed the property for over 40 years.
Dutch Gardens MHP— Rome, GA | Off-Market Acquisition | Dec 2020
Overview
Dutch Gardens MHP is an all-ages, affordable community consisting of 76 spaces roughly 65 miles northwest of Atlanta. This three-star community has a nice mixture of single-wide and double-wide units. The asset was acquired in an off-market transaction, and sourced via direct-to-owner marketing.
North Beach Parking Plaza — Clearwater Beach, FL | Off-Market Acquisition | May 2022
Overview
North Beach Parking Plaza is an institutional grade, Class A property where visitors park to enjoy the #1 beach in the country. The asset was acquired in an off-market, direct-to-owner transaction, and sourced via our network here in the phenomenal Tampa MSA.
Tilghman MHP — Federalsburg, MD | Off-Market Acquisition | Dec 2020
Overview
Tilghman MHP is an all ages, affordable community with 57 spaces along Maryland’s Eastern Shore. The community was acquired from a long-time, legacy owner who kept lot rents at $265 for years, despite the fact that market rents hover near $400.
IL MHP Portfolio — Northern, IL | Off-Market Acquisition | Dec 2021
Overview
Rolling Meadows & Mancuso Village MHPs are all ages, affordable communities totaling 362 spaces in north central Illinois. Both communities were acquired from long-time, legacy owners who managed the properties for decades and had kept lot rents hovering around $350 for years, despite the fact that market rates are north of $480.
Princess St Parking Lot — Wilmington, NC | Off-Market Acquisition | Oct 2020
Overview
The Princess St property is a surface parking lot consisting of 28 spaces in the phenomenal Wilmington MSA. The asset was acquired in an off-market transaction, and sourced via our internal direct-to-owner marketing efforts.
Timberview MHP — Valdosta, GA | Off-Market Acquisition | June 2021
Overview
Timberview MHP is an all-ages, affordable community consisting of 60 spaces located roughly 20 minutes north of the Florida-Georgia line. This three-star asset consists primarily of double-wide units with vinyl siding. The property was acquired in a direct-to-owner, off-market transaction.